The client faced several challenges in their revenue recognition process and data management:
- Manual and Time-Consuming Processes: The manual generation of schedules for revenue recognition over defined periods was labor-intensive and time-consuming.
- Lack of Standardization: The need to standardize the entire data pipeline, from data collection to output, across their clients and clients of clients.
- Consolidated View: The requirement for a consolidated view of key metrics and Key Performance Indicators (KPIs) for efficient strategic and tactical decision-making.
To address the client’s challenges and streamline their data management, we devised a comprehensive solution:
- Cloud-Based Multi-Tenant Application: We developed a cloud-based multi-tenant application that efficiently served as the source and destination of the underlying data pipeline.
- Integration with Alteryx: The application seamlessly integrated with Alteryx, a data processing platform. We defined data processing logic to enable data input and consume the processed output.
- Executive Dashboard: The processed data output was presented on an executive dashboard, providing a consolidated view of essential metrics and KPIs critical for management decision-making.
- The new application is highly scalable and capable of handling huge data volumes
- Quick turnaround of complex solution blueprint
- End-to-end process automation
- Faster development using low-code development platform resulted in reduced time to market